Cryptocurrency enthusiast Ignas explores the trend of Memecoins and their impact on the cryptocurrency market. Memecoins, such as Dogecoin, are often launched by internal groups who own large pre-mined supplies and promote them through key opinion leaders (KOLs) who are paid or heavily allocated, ready to sell off when new buyers come on board. Although Memecoins are home to the most optimistic community in the cryptocurrency space, they are often scams that can quickly lose an investor’s funds. However, Ignas believes that finding the real gems among a bunch of inferior projects is a challenging but rewarding task. He suggests looking at Memecoin launch pad tokens like Ethervista or the upcoming Rush platform.
In this bull market cycle, platforms like Pumpdotfun have introduced fairer launch mechanisms, dynamic bonding curves to solve initial liquidity issues, and reduced many security risks. Ignas believes that keeping an open mind and trying new things is crucial to cryptocurrency success. He suggests keeping an eye out for remodeling projects that attract community interest, as this shows that the team is still active, has not abandoned the protocol, and is still developing it.
Source: Previous article